Union cabinet approves MoC in respect of tax matters between India and BRICS countries
19th July, 2017Category:
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given the approval for the signing of Memorandum of Cooperation (MOC) in respect of tax matters between India and the Revenue administrations of BRICS countries namely, Brazil, Russian Federation, China and South Africa.
The MoC aims to further promote cooperation amongst the BRICS Revenue administrations in the international forum on common areas of interest in tax matters and in the area of capacity building and knowledge sharing. The heads of Revenue of BRICS countries in their meeting held on the sidelines of FTA plenary at Beijing, China in May 2016 decided to sign a MoC outlining these areas of cooperation.
Read More: